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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF) -- Ignore unavailable to you. Want to Upgrade?

To: michael who wrote (336)	2/14/2000 9:19:00 PM
From: mact	Read Replies (2) \| Respond to of 4541

HONG KONG, Feb 15 (Reuters) - Hong Kong stocks may open lower on Tuesday as investors take profit in Cable & Wireless HKT and interest-rate sensitive stocks, but Pacific Century CyberWorks Ltd (PCCW) may rise when it resumes trading. "The market is correcting and sold off quite a bit yesterday," said Jerry Pang, institutional sales manager at HSBC Securities. "It's a volatile market that may give way depending on how investors see the new valuation of HongKong Telecom (C&W HKT)." The benchmark Hang Seng Index fell 1.10 percent to 17,188.96 on Monday, with C&W HKT holding the market from further losses after it jumped almost 50 percent since talk of a second bid for the Hong Kong telecoms carrier emerged on Friday. Internet firm PCCW, whose shares have been suspended since Friday afternoon, is gearing up for a potential bidding war with Singapore Telecommunications Ltd for C&W HKT, and launched a share placement in Hong Kong on Monday to raise up to US$1.01 billion in cash. PCCW, which said it will resume trading on Tuesday, should jump after shares of parent Pacific Century Regional Development (PCRD) surged, said Pang.